As used in this chapter, unless the context otherwise requires:
1. “Agency” means every agency, department, division, board, commission or similar body, or elected officer, of the Executive Branch of the State.
2. “Committee” means the Executive Branch Audit Committee created pursuant to NRS 353A.038.
3. “Director” means the Director of the Office of Finance.
4. “Internal accounting and administrative control” means a method through which agencies can safeguard assets, check the accuracy and reliability of their accounting information, promote efficient operations and encourage adherence to prescribed managerial policies.